LGInnotek to Exclusively Supply Periscope Lens Modules for iPhone 16 Series, Further Cementing Market Position

LGInnotek to Exclusively Supply Periscope Lens Modules for iPhone 16 Series, Further Cementing Market PositionAccording to recent reports, LGInnotek has secured the exclusive supply of periscope lens modules for Apple's iPhone 16 series, scheduled to launch in the second half of this year. Furthermore, LG is collaborating with Cowin Electronics to provide advanced OIS (Optical Image Stabilization) technology for these lens modules

LGInnotek to Exclusively Supply Periscope Lens Modules for iPhone 16 Series, Further Cementing Market Position

According to recent reports, LGInnotek has secured the exclusive supply of periscope lens modules for Apple's iPhone 16 series, scheduled to launch in the second half of this year. Furthermore, LG is collaborating with Cowin Electronics to provide advanced OIS (Optical Image Stabilization) technology for these lens modules. Following the successful incorporation of periscope lens technology in the iPhone 15 Pro Max last year, this feature will be extended to both the iPhone 16 Pro and Pro Max models this year. This technology utilizes prism refraction to significantly enhance the clarity of images captured at long distances.

Industry predictions suggest that the initial supply of periscope lens components for the iPhone 16 series will account for 70% of total production. To ensure product quality and supply chain stability, Apple will primarily rely on LGInnotek for supply in the initial phase. Apple plans to introduce additional suppliers in the fourth quarter to control costs and enhance supply chain resilience. The projected total production volume for the iPhone 16 series is estimated at 90.1 million units, while accessory production typically exceeds 10% of the finished product volume.

Following Sharp's withdrawal from supplying components for new iPhone models, LGInnotek has further solidified its market position. This collaboration not only strengthens LG's leadership in the smartphone camera module market but also provides Apple with higher-quality camera modules.

LGInnotek's exclusive supply signifies the following:

• Expanded Market Share: LGInnotek will become the sole supplier of periscope lens modules for the iPhone 16 series, significantly expanding its market share in the smartphone camera module sector.

• Reinforced Technological Advantage: The OIS technology provided by LGInnotek in collaboration with Cowin Electronics will further enhance the photographic experience of the iPhone 16 series, solidifying its leading position in camera technology.

• Enhanced Supply Chain Stability: Apple's initial reliance on LGInnotek for supply demonstrates its recognition of LGInnotek's product quality and supply chain stability.

Apple's introduction of additional suppliers implies:

• Cost Control: The inclusion of more suppliers will assist Apple in lowering production costs and enhancing product competitiveness.

• Increased Supply Chain Resilience: A diversified supplier ecosystem will mitigate supply chain risks and improve supply chain stability.

Impact on the Overall Smartphone Market:

• Periscope Lens Technology Adoption: The incorporation of periscope lens technology in the iPhone 16 series will accelerate its adoption, leading to new breakthroughs in smartphone photography experiences.

• Intensified Competition in the Camera Module Market: With the application of periscope lens technology, competition in the smartphone camera module market will become more intense, driving continuous technological innovation.

In conclusion, LGInnotek's exclusive supply of periscope lens modules for the iPhone 16 series marks its significant position in the smartphone camera module market. This collaboration represents a major breakthrough for LGInnotek and provides Apple with higher-quality camera modules, further enhancing the iPhone's photographic capabilities. As periscope lens technology proliferates, competition in the smartphone camera module market will intensify, and LGInnotek will continue to leverage its technological and supply chain advantages to lead industry development.